Corebridge Financial Inc. Sells 180 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Corebridge Financial Inc. decreased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,140 shares of the medical instruments supplier’s stock after selling 180 shares during the period. Corebridge Financial Inc.’s holdings in Mettler-Toledo International were worth $6,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC boosted its position in Mettler-Toledo International by 25.8% during the 4th quarter. LPL Financial LLC now owns 4,646 shares of the medical instruments supplier’s stock valued at $5,686,000 after acquiring an additional 953 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $318,000. KLP Kapitalforvaltning AS bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $19,069,000. Hillsdale Investment Management Inc. bought a new position in Mettler-Toledo International in the fourth quarter worth $746,000. Finally, Mizuho Securities USA LLC lifted its position in Mettler-Toledo International by 45.3% during the fourth quarter. Mizuho Securities USA LLC now owns 2,000 shares of the medical instruments supplier’s stock valued at $2,447,000 after buying an additional 624 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of a number of recent research reports. Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Citigroup cut their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Robert W. Baird lifted their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,380.50.

Mettler-Toledo International Stock Down 1.4 %

Shares of NYSE MTD opened at $1,176.04 on Friday. The firm has a market cap of $24.51 billion, a P/E ratio of 29.02, a PEG ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The company has a 50 day moving average of $1,283.84 and a 200 day moving average of $1,303.51.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.